IMARC Group’s latest research report, titled “Indian Warehousing Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Indian warehouse market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian warehouse market size reached INR 1,248 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 2,271 Billion by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028.
Indian Warehousing Market Overview:
Warehouse is a commercial building that is used for storing goods to protect their quality and quantity for future use. It plays a vital role in the logistics value chain, which allows for collection, sorting, and dissemination of goods within the supply chain. The growing retail, e-commerce, telecommunications, IT, pharmaceuticals, and textile industries extensively utilize warehouses with value-added services, such as packaging, labeling, reverse logistics, and barcoding. In recent years, warehouses have gained popularity on account of the rising private and foreign investments in infrastructure development, which have turned warehouses into sophisticated stockrooms with real-time, advanced tracking mechanisms and other state-of-the-art facilities.
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Indian Warehouse Market Trends:
The primary factors driving the market are the emerging e-commerce industry and rapid urbanization, which have led to the extensive utilization of warehouse space for storing and distributing goods. Additionally, the significant growth in the organized food delivery sector is escalating the demand for cold chain warehousing space. Other than this, the investments made by foreign companies in the real estate sectors has led to an increasing need for the construction of modern, technology-enabled warehouses. Besides this, the Government of India is undertaking several initiatives to improve infrastructure and logistics solutions. For instance, the implementation of industrial corridors and Make in India program have resulted in increased warehouse space and a growing interest in the development of modern warehouse facilities across the country.
Furthermore, the rising adoption of automation and data analytics has resulted in the development of smart warehouses, which are equipped with sensors and Internet of Things (IoT) devices to track inventory and equipment in real-time, allowing for more accurate and efficient warehouse operations. Other growth-inducing factors include the exponential growth of various industry verticals such as agriculture, manufacturing, information technology, telecommunications, and healthcare, along with the extensive investments in warehousing made toward free trade warehousing zones (FTWZs) and logistics parks.
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Key Market Segmentation:
Breakup by Sector:
- Industrial Warehouses
- Agricultural Warehouses
Breakup by Ownership:
- Private Warehouses
- Public Warehouses
- Bonded Warehouses
Breakup by Type of Commodities Stored:
- General Warehouses
- Specialty Warehouses
- Refrigerated Warehouses
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the Indian warehouse market.
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